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Segment Information
12 Months Ended
Dec. 31, 2017
Segment Reporting, Measurement Disclosures [Abstract]  
Segment Information
SEGMENT INFORMATION
The Company operates and reports its results in four separate business segments consisting of the Life Sciences, Diagnostics, Dental and Environmental & Applied Solutions segments. When determining the reportable segments, the Company aggregated operating segments based on their similar economic and operating characteristics. Operating profit represents total revenues less operating expenses, excluding other expense, interest and income taxes. The identifiable assets by segment are those used in each segment’s operations. Inter-segment amounts are not significant and are eliminated to arrive at consolidated totals.
Detailed segment data for the years ended December 31 is as follows ($ in millions):
 
2017
 
2016
 
2015
Sales:
 
 
 
 
 
Life Sciences
$
5,710.1

 
$
5,365.9

 
$
3,314.6

Diagnostics
5,839.9

 
5,038.3

 
4,832.5

Dental
2,810.9

 
2,785.4

 
2,736.8

Environmental & Applied Solutions
3,968.8

 
3,692.8

 
3,549.8

Total
$
18,329.7

 
$
16,882.4

 
$
14,433.7

 
 
 
 
 
 
Operating profit:
 
 
 
 
 
Life Sciences
$
1,004.3

 
$
818.9

 
$
329.2

Diagnostics
871.6

 
786.4

 
746.2

Dental
400.7

 
419.4

 
370.4

Environmental & Applied Solutions
914.6

 
870.0

 
866.6

Other
(170.0
)
 
(143.8
)
 
(150.2
)
Total
$
3,021.2

 
$
2,750.9

 
$
2,162.2

 
 
 
 
 
 
Identifiable assets:
 
 
 
 
 
Life Sciences
$
20,576.8

 
$
19,875.9

 
$
19,658.4

Diagnostics
14,359.2

 
14,159.6

 
9,848.2

Dental
6,026.8

 
5,772.2

 
5,906.9

Environmental & Applied Solutions
4,649.2

 
4,172.9

 
4,223.5

Other
1,036.6

 
1,314.7

 
1,309.7

Discontinued operations

 

 
7,275.5

Total
$
46,648.6

 
$
45,295.3

 
$
48,222.2

 
 
 
 
 
 
Depreciation and amortization:
 
 
 
 
 
Life Sciences
$
427.9

 
$
426.2

 
$
210.1

Diagnostics
581.5

 
481.5

 
449.7

Dental
121.4

 
127.2

 
132.0

Environmental & Applied Solutions
99.9

 
86.7

 
82.2

Other
7.6

 
6.5

 
6.8

Total
$
1,238.3

 
$
1,128.1

 
$
880.8

 
2017
 
2016
 
2015
Capital expenditures, gross:
 
 
 
 
 
Life Sciences
$
130.6

 
$
109.7

 
$
62.3

Diagnostics
372.6

 
374.3

 
336.8

Dental
48.9

 
49.1

 
53.3

Environmental & Applied Solutions
60.9

 
51.0

 
58.4

Other
6.6

 
5.5

 
2.1

Total
$
619.6

 
$
589.6

 
$
512.9


Operations in Geographical Areas:
 
For the Year Ended December 31
($ in millions)
2017
 
2016
 
2015
Sales:
 
 
 
 
 
United States
$
6,837.9

 
$
6,377.4

 
$
5,678.3

China
2,011.6

 
1,799.1

 
1,552.9

Germany
1,161.6

 
1,084.6

 
858.4

Japan
872.1

 
864.7

 
668.5

All other (each country individually less than 5% of total sales)
7,446.5

 
6,756.6

 
5,675.6

Total
$
18,329.7

 
$
16,882.4

 
$
14,433.7

 
 
 
 
 
 
Property, plant and equipment, net:
 
 
 
 
 
United States
$
1,126.2

 
$
1,198.4

 
$
1,189.6

Germany
212.4

 
190.8

 
192.9

United Kingdom
152.0

 
140.6

 
165.5

All other (each country individually less than 5% of total property, plant and equipment, net)
964.0

 
824.2

 
754.7

Total
$
2,454.6

 
$
2,354.0

 
$
2,302.7


Sales by Major Product Group:
 
For the Year Ended December 31
($ in millions)
2017
 
2016
 
2015
Analytical and physical instrumentation
$
2,232.9

 
$
2,088.9

 
$
2,014.4

Research and medical products
11,512.4

 
10,366.7

 
8,110.9

Dental products
2,810.9

 
2,785.4

 
2,736.8

Product identification
1,773.5

 
1,641.4

 
1,571.6

Total
$
18,329.7

 
$
16,882.4

 
$
14,433.7